US and French aircraft manufacturers announced a slew of deals, following an air show in France last week, and affirmed something we know about China. They need lots of airplanes.
The Asset reports that orders coming from China blew those from other countries out of the water, totaling 240, versus the next biggest buyer, the US, with 150.
The Chinese lessors included CDB Aviation, Avalon (a subsidiary of HNA Group), Hong Kong-listed China Aircraft Leasing Group, and BOC Aviation.
Airlines including China Southern subsidiary Xiamen Airlines and Donghai Airlines also placed orders during the show.
CDB was especially busy:
During the show, China Development Bank subsidiary CDB Aviation signed agreements [for] over 100 aircraft. CDB Aviation signed a memorandum of understanding (MoU) with Airbus for forty-five aircraft, consisting of thirty A320neo models (new engine option) and fifteen A321neos. Engine choice will be made at a later date. In addition, fifteen A320neo positions from CDB Aviation’s previous order will be converted to A321neo aircraft. […]
[CDB also signed] an MoU for forty-two Boeing 737 MAX 8s and ten 737 MAX 10s, as well as eight 787-9 Dreamliner widebodies. Included in this agreement is the conversion of six previous 737 MAX 8 orders to the new 737 MAX 10s.
With this commitment, valued at US$7.4 billion at list prices (although discounts for large customers typically run somewhere between 40% and 50%), CDB Aviation will become one of the launch customers for the 737 MAX 10.